GrafTech International Ltd (NYSE:EAF) has received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.23.
A number of research firms have recently commented on EAF. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Citigroup set a $113.00 price objective on Dover and gave the stock a “buy” rating in a research report on Monday, April 22nd.
Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of GrafTech International in the fourth quarter worth $56,907,000. Vaughan Nelson Investment Management L.P. raised its position in GrafTech International by 6.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,313,975 shares of the company’s stock valued at $42,386,000 after purchasing an additional 200,475 shares in the last quarter. BlackRock Inc. raised its position in GrafTech International by 0.3% during the fourth quarter. BlackRock Inc. now owns 2,417,789 shares of the company’s stock valued at $27,660,000 after purchasing an additional 7,445 shares in the last quarter. Bank of New York Mellon Corp raised its position in GrafTech International by 741.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,283,800 shares of the company’s stock valued at $14,686,000 after purchasing an additional 1,131,251 shares in the last quarter. Finally, Carmignac Gestion raised its position in GrafTech International by 6.3% during the fourth quarter. Carmignac Gestion now owns 1,024,655 shares of the company’s stock valued at $11,722,000 after purchasing an additional 60,631 shares in the last quarter.
GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. GrafTech International had a negative return on equity of 83.18% and a net margin of 43.15%. The firm had revenue of $474.99 million during the quarter, compared to analyst estimates of $472.36 million. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts forecast that GrafTech International will post 2.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.085 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.24%. GrafTech International’s dividend payout ratio (DPR) is presently 11.85%.
GrafTech International Company Profile
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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